Expleo Solutions Limited — Quarter ended March 31, 2026 (Standalone and Consolidated)
Standalone: Statement of Audited Financial Results for the Quarter and Year ended March 31, 2026 (Rs. In Millions)
| S.No. | Particulars | Quarter ended 31-Mar-26 | Quarter ended 31-Dec-25 | Quarter ended 31-Mar-25 | Year ended 31-Mar-26 | Year ended 31-Mar-25 |
|---|---|---|---|---|---|---|
| Refer Note 4 | (Unaudited) | Refer Note 4 | (Audited) | (Audited) | ||
| 1 | Revenue from Operations | 2,465.42 | 2,339.69 | 2,557.96 | 9,390.58 | 10,247.96 |
| 2 | Other Income | 101.31 | 78.57 | 29.63 | 297.26 | 103.44 |
| 3 | Total Income (1+2) | 2,566.73 | 2,418.26 | 2,587.59 | 9,687.84 | 10,351.40 |
| 4 | EXPENSES | |||||
| a) Employee benefits expense | 1,588.38 | 1,437.28 | 1,384.61 | 5,942.76 | 5,273.33 | |
| b) Cost of material consumed and other direct costs | 41.64 | 50.27 | 17.15 | 145.02 | 74.80 | |
| c) Finance Cost | 5.73 | 4.22 | 9.41 | 22.35 | 33.22 | |
| d) Depreciation and Amortisation expense | 57.46 | 70.89 | 78.60 | 275.28 | 386.34 | |
| e) Impairment of goodwill | – | – | – | – | 19.00 | |
| f) Other expenses | 451.80 | 447.55 | 796.95 | 1,826.83 | 3,381.66 | |
| Total Expenses (4) | 2,145.01 | 2,010.21 | 2,286.72 | 8,212.24 | 9,168.35 | |
| 5 | Profit before exceptional items and tax (3-4) | 421.72 | 408.05 | 300.87 | 1,475.60 | 1,183.05 |
| 6 | Exceptional items | |||||
| a) Gain on closure of Subsidiary (Refer note 6) | – | – | 95.71 | – | 95.71 | |
| b) Impact of New Labour Codes (Refer note 7) | 20.60 | (167.88) | – | (147.28) | – | |
| 7 | Profit before tax (5+6) | 442.32 | 240.17 | 396.58 | 1,328.32 | 1,278.76 |
| 8 | Tax expense | |||||
| a) Current Tax | 35.96 | 94.24 | 135.53 | 282.91 | 411.58 | |
| b) Deferred Tax Charge / (Credit) | 48.46 | (14.55) | (27.76) | 43.49 | (86.26) | |
| 9 | Profit for the period / year (7-8) | 357.90 | 160.48 | 288.81 | 1,001.92 | 953.44 |
| 10 | Other Comprehensive Income | |||||
| Items that will not be reclassified to profit or loss | ||||||
| (i) Remeasurement of the defined benefit obligation | 34.87 | (4.72) | (6.49) | 26.82 | (7.98) | |
| (ii) Income tax relating to items that will not be reclassified to profit or loss | (8.78) | 1.19 | 1.63 | (6.75) | 2.01 | |
| Items that will be reclassified to profit or loss | ||||||
| (i) Exchange difference on translation of foreign operations | 6.50 | 2.04 | – | 34.59 | – | |
| 11 | Total Comprehensive Income for the period (9+10) [Comprising Profit for the period / year and Other Comprehensive Income] | 390.49 | 158.99 | 283.95 | 1,056.58 | 947.47 |
| 12 | Paid Up Equity Share Capital (Face value of Rs.10/- each, fully paid up) | 155.20 | 155.20 | 155.20 | 155.20 | 155.20 |
| 13 | Other Equity | – | – | – | 6,522.77 | 5,466.19 |
| 14 | Earnings per Equity Share (Face value of Rs.10/- each) (for continuing operations)(Refer Note 9) | |||||
| – Basic (Rs.) | 23.06 | 10.34 | 18.61 | 64.56 | 61.43 | |
| – Diluted (Rs.) | 23.06 | 10.34 | 18.61 | 64.56 | 61.43 |
Standalone: Standalone Balance Sheet as at March 31, 2026 (Rs. In Millions)
| Particulars | 31-Mar-26 (Audited) | 31-Mar-25 (Audited) |
|---|---|---|
| ASSETS | ||
| A. NON CURRENT ASSETS | ||
| (a) Property, Plant and Equipment | 717.90 | 1,005.60 |
| (b) Other Intangible Assets | 4.94 | 112.75 |
| (c) Financial Assets | ||
| (i) Investments in subsidiaries | 56.23 | 34.82 |
| (ii) Other Financial Assets | 40.96 | 62.24 |
| (d) Deferred Tax Assets (Net) | 73.28 | 123.52 |
| (e) Income Tax Assets (Net) | 236.18 | 164.04 |
| (f) Other Non Current Assets | 113.91 | 46.33 |
| TOTAL NON CURRENT ASSETS | 1,243.40 | 1,549.30 |
| B. CURRENT ASSETS | ||
| (a) Financial Assets | ||
| (i) Trade Receivables | 2,386.71 | 2,622.78 |
| (ii) Cash and Cash Equivalents | 3,236.83 | 1,934.57 |
| (iii) Bank balances other than (ii) above | 214.97 | 118.72 |
| (iv) Other Current Financial Assets | 579.27 | 572.95 |
| (b) Other Current Assets | 280.52 | 440.29 |
| TOTAL CURRENT ASSETS | 6,698.30 | 5,689.31 |
| TOTAL ASSETS | 7,941.70 | 7,238.61 |
| EQUITY AND LIABILITIES | ||
| A. EQUITY | ||
| (a) Equity Share Capital | 155.20 | 155.20 |
| (b) Other Equity | 6,522.77 | 5,466.19 |
| TOTAL EQUITY | 6,677.97 | 5,621.39 |
| B. LIABILITIES | ||
| NON CURRENT LIABILITIES | ||
| (a) Financial Liabilities | ||
| (i) Lease liabilities | 50.58 | 221.44 |
| (b) Provisions | 180.23 | 126.55 |
| (c) Other Financial Liabilities | – | 147.26 |
| TOTAL NON CURRENT LIABILITIES | 230.81 | 495.25 |
| CURRENT LIABILITIES | ||
| (a) Financial Liabilities | ||
| (i) Lease liabilities | 27.94 | 76.54 |
| (ii) Trade Payables | ||
| (a) Total outstanding dues of Micro enterprises and small enterprises | 5.76 | 1.62 |
| (b) Total outstanding dues of creditors other than micro enterprises and small enterprises | 428.41 | 377.09 |
| (iii) Other Current Financial Liabilities | 195.93 | 274.17 |
| (b) Other Current Liabilities | 181.46 | 185.38 |
| (c) Provisions | 124.30 | 117.08 |
| (d) Current Tax Liabilities (Net) | 69.12 | 90.09 |
| TOTAL CURRENT LIABILITIES | 1,032.92 | 1,121.97 |
| TOTAL EQUITY AND LIABILITIES | 7,941.70 | 7,238.61 |
Standalone: Standalone Statement of Cash Flows for the year ended March 31, 2026 (Rs. in Millions)
| Particulars | Year ended 31-Mar-26 | Year ended 31-Mar-25 |
|---|---|---|
| A. Cash flow from operating activities | ||
| Profit before tax | 1,328.32 | 1,278.76 |
| Adjustment for: | ||
| – Depreciation and Amortization Expense | 275.28 | 386.34 |
| – Impact of Labour Codes (Exceptional item) | 147.28 | – |
| – Gain on closure of subsidiary (Exceptional item) | – | (95.71) |
| – (Profit)/ Loss on sale of Property, Plant and Equipment | (0.12) | (0.27) |
| – Gain on termination of lease (Net) | (13.11) | – |
| – Unrealized forex exchange loss (Net) | (8.52) | 79.87 |
| – Interest income | (37.48) | (34.75) |
| – Interest income on Income tax | (11.76) | – |
| – Net gain on disposal / fair valuation of investments | (37.55) | (26.70) |
| – Finance Cost | 22.35 | 33.22 |
| – Impairment of goodwill | – | 19.00 |
| – Allowance for credit loss (Net) | (30.10) | 82.12 |
| – Unwinding of discount on security deposits | (4.61) | (5.30) |
| Operating profit before working capital changes | 1,629.98 | 1,716.58 |
| Adjustment for working capital changes – (Increase) / Decrease : | ||
| – Trade Receivables | 350.90 | 193.66 |
| – Non-Current Financial Assets | 25.89 | (20.03) |
| – Other Current Financial Assets | 6.55 | (222.52) |
| – Other Current Assets | 159.77 | 102.30 |
| – Other Non-Current Assets | (67.58) | (61.65) |
| Adjustment for working capital changes – Increase / (Decrease) : | ||
| – Other Non Current Financial Liability | (120.44) | (40.35) |
| – Trade Payables | 68.14 | 40.81 |
| – Other Current Financial Liabilities | (189.67) | (127.89) |
| – Other Current Liabilities | 4.58 | 82.72 |
| – Provisions | 25.00 | 69.23 |
| Cash generated from operations | 1,893.12 | 1,732.86 |
| Direct taxes paid (net of refunds) | (366.57) | (378.84) |
| Net cash flow from operating activities (A) | 1,526.55 | 1,354.02 |
| B. Cash flow from investing activities | ||
| Investment in bank deposits having maturity greater than 3 months | (3,102.72) | (4,423.63) |
| Proceeds from maturity of Fixed Deposits | 3,006.06 | 4,379.15 |
| Purchase of investments | (4,630.00) | (1,800.00) |
| Proceeds from redemption of investments | 4,667.55 | 1,976.98 |
| (Investment)/ Proceeds in/from subsidiary | (21.41) | 104.41 |
| Payments for purchase of Property, Plant and Equipment and Intangible Assets | (25.12) | (76.58) |
| Proceeds from sale of Property, Plant and Equipment | 0.12 | 0.71 |
| Interest received on deposit with banks | 26.82 | 29.91 |
| Net cash flow (used in)/from investing activities (B) | (78.70) | 190.95 |
| C. Cash Flow from financing activities | ||
| Lease liability paid | (74.51) | (61.94) |
| Interest on Lease liability | (20.04) | (33.04) |
| Dividends paid | – | (775.99) |
| Net cash (used in) financing activities (C) | (94.55) | (870.97) |
| Net Increase in cash & cash equivalents (A+B+C) | 1,353.30 | 674.00 |
| Effect of changes in exchange rate on cash and cash equivalents | (51.04) | 14.51 |
| Cash & cash equivalents at the beginning of the year | 1,934.57 | 1,246.06 |
| Cash and cash equivalents at the end of the year | 3,236.83 | 1,934.57 |
Consolidated: Statement of Audited Consolidated Financial Results for the Quarter and Year ended March 31, 2026 (Rs. In Millions)
| S.No. | Particulars | Quarter ended 31-Mar-26 | Quarter ended 31-Dec-25 | Quarter ended 31-Mar-25 | Year ended 31-Mar-26 | Year ended 31-Mar-25 |
|---|---|---|---|---|---|---|
| 1 | Revenue from Operations | 2,862.75 | 2,793.46 | 2,557.96 | 11,079.63 | 10,247.96 |
| 2 | Other Income | 125.78 | 103.90 | 45.12 | 378.88 | 162.04 |
| 3 | Total Income (1+2) | 2,988.53 | 2,897.36 | 2,603.08 | 11,458.51 | 10,410.00 |
| 4 | EXPENSES | |||||
| a) Employee benefits expense | 1,837.30 | 1,676.14 | 1,608.79 | 6,901.32 | 6,078.57 | |
| b) Cost of material consumed and other direct costs | 42.86 | 49.09 | 17.15 | 145.06 | 74.80 | |
| c) Finance Cost | 5.73 | 4.22 | 9.40 | 22.35 | 33.22 | |
| d) Depreciation and Amortisation expense | 59.17 | 73.01 | 80.53 | 283.26 | 393.07 | |
| e) Impairment of goodwill | – | – | – | 19.00 | – | |
| f) Other expenses | 555.24 | 607.56 | 531.98 | 2,333.59 | 2,418.94 | |
| Total Expenses (4) | 2,500.30 | 2,410.02 | 2,247.85 | 9,685.58 | 9,017.60 | |
| 5 | Profit before exceptional items and tax (3-4) | 488.23 | 487.34 | 355.23 | 1,772.93 | 1,392.40 |